TomD8
Level 15

State tax filing

You need to familiarize yourself with Hawaii's GET and TAT taxes.

 

If you rent out real property located in Hawaii, you are subject to Hawaii income tax and the general excise tax (GET).  If you rent out real property located in Hawaii to a transient person for less than 180 consecutive days (short term rental), you are subject to the transient accommodations tax (TAT) in addition to the Hawaii income tax and the GET

This web reference has more detail for you:  http://files.hawaii.gov/tax/legal/brochures/res_rp_brochure.pdf

 

Your real estate loss (or gain) carries over to your Hawaii return from your federal return, as explained earlier, and thus is automatically factored into your Hawaii income tax.  Be sure to fully complete your federal return before you work on any state return.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.